A Beginner’s Guide to Ethereum Scaling SolutionsRead on the DeFi Pulse Blog

Total Value Locked (USD)

$104.15B

Maker Dominance

15.84%

DeFi Pulse Index

360.41
+29.19
(+8.81%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart
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Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Aave
Multichain
Lending
$17.78B
20.09%
🥈
2.
Maker
Ethereum
Lending
$15.96B
55788.52%
🥉
3.
Curve Finance
Multichain
DEXes
$14.47B
2.30%
4.
InstaDApp
Ethereum
Lending
$12.16B
0.70%
5.
Compound
Ethereum
Lending
$11.48B
4.58%
6.
Convex Finance
Ethereum
Assets
$7.70B
5.03%
7.
Uniswap
Ethereum
DEXes
$7.12B
1.47%
8.
yearn.finance
Ethereum
Assets
$4.71B
4.24%
9.
SushiSwap
Ethereum
DEXes
$4.57B
2.45%
10.
Liquity
Ethereum
Lending
$2.11B
2.69%
11.
Balancer
Ethereum
DEXes
$2.00B
2.54%
12.
Synthetix
Ethereum
Derivatives
$1.88B
7.07%
13.
Bancor
Ethereum
DEXes
$1.50B
0.94%
14.
Flexa
Ethereum
Payments
$1.35B
-1.11%
15.
Tornado Cash
Ethereum
Payments
$1.15B
331.86%
16.
RenVM
Ethereum
Assets
$1.13B
3.87%
17.
Rari Capital
Ethereum
Assets
$1.02B
2.73%
18.
TrueFi
Ethereum
Lending
$987.0M
0.09%
19.
dYdX
Ethereum
Derivatives
$946.8M
0.07%
20.
DeFi Saver
Ethereum
Lending
$914.7M
3.56%
21.
Alpha Homora
Ethereum
Lending
$763.1M
0.78%
22.
Badger DAO
Ethereum
Assets
$762.5M
3.60%
23.
Alchemix
Ethereum
Lending
$681.3M
10.43%
24.
Nexus Mutual
Ethereum
Derivatives
$638.3M
3.11%
25.
C.R.E.A.M. Finance
Ethereum
Lending
$499.1M
2.39%
26.
Harvest Finance
Ethereum
Assets
$401.1M
0.61%
27.
Sablier
Ethereum
Payments
$400.9M
11.64%
28.
KeeperDAO
Ethereum
Lending
$393.8M
2.81%
29.
Vesper
Ethereum
Assets
$351.0M
2.09%
30.
Set Protocol
Ethereum
Assets
$320.9M
2.03%
31.
Olympus
Ethereum
Assets
$292.6M
3.81%
32.
Index Coop
Ethereum
Assets
$264.2M
1.77%
33.
Reflexer
Ethereum
Lending
$238.3M
5.55%
34.
Lightning Network
Bitcoin
Payments
$201.2M
3.13%
35.
KEEP Network
Ethereum
Assets
$173.9M
3.06%
36.
Element Finance
Ethereum
Assets
$172.0M
5.00%
37.
Ribbon Finance
Ethereum
Derivatives
$157.0M
3.30%
38.
Opyn
Ethereum
Derivatives
$146.6M
2.35%
39.
Enzyme Finance
Ethereum
Assets
$146.0M
1.90%
40.
Pickle Finance
Ethereum
Assets
$130.4M
3.63%
41.
O3 Swap
Ethereum
Assets
$128.9M
4.62%
42.
Loopring
Ethereum
DEXes
$126.5M
2.42%
43.
Beta Finance
Ethereum
Lending
$122.0M
-1.29%
44.
Idle Finance
Ethereum
Lending
$118.7M
-0.06%
45.
BoringDAO
Ethereum
Assets
$106.5M
0.58%
46.
Saddle
Ethereum
DEXes
$103.9M
6.07%
47.
BiFi
Ethereum
Lending
$101.7M
22.95%
48.
Dfyn Network
Polygon
DEXes
$99.8M
0.89%
49.
Fei Protocol
Ethereum
Assets
$99.1M
8.32%
50.
Metronome
Ethereum
Assets
$97.4M
3.94%
51.
xDai
Ethereum
Payments
$96.9M
-6.54%
52.
B.Protocol
Ethereum
Lending
$85.6M
1.43%
53.
1inch Liquidity Protocol
Ethereum
DEXes
$84.9M
2.18%
54.
DODO
Ethereum
DEXes
$83.4M
3.53%
55.
Kyber
Ethereum
DEXes
$78.8M
-1.65%
56.
mStable
Multichain
Assets
$72.6M
4.78%
57.
QiDao
Polygon
Lending
$67.5M
1.23%
58.
DerivaDEX
Ethereum
Derivatives
$63.8M
0.13%
59.
DeFi Swap
Ethereum
DEXes
$63.1M
1.98%
60.
UMA
Ethereum
Derivatives
$55.5M
4.39%
61.
Inverse
Ethereum
Assets
$54.3M
-1.40%
62.
DeversiFi
Ethereum
DEXes
$45.8M
-4.42%
63.
DefiDollar
Ethereum
Assets
$45.0M
2.63%
64.
Bella Flex Saving
Ethereum
Assets
$37.2M
-2.79%
65.
dForce
Ethereum
Lending
$36.2M
1.90%
66.
Gnosis
Ethereum
DEXes
$35.8M
2.87%
67.
Strike
Ethereum
Lending
$32.0M
0.98%
68.
Integral
Ethereum
DEXes
$31.0M
1.90%
69.
xToken
Ethereum
Assets
$23.2M
-0.21%
70.
HEGIC
Ethereum
Derivatives
$22.5M
2.34%
71.
WePiggy
Ethereum
Lending
$22.2M
0.24%
72.
Shell
Ethereum
DEXes
$21.7M
2.33%
73.
88mph
Ethereum
Lending
$19.7M
0.25%
74.
Cryptex
Ethereum
Derivatives
$19.5M
6.98%
75.
Visor Finance
Ethereum
Assets
$19.2M
20.27%
76.
dHEDGE
Ethereum
Assets
$17.1M
-0.40%
77.
bZx
Ethereum
Lending
$17.0M
1.97%
78.
BarnBridge
Ethereum
Derivatives
$16.6M
-0.38%
79.
IDEX
Ethereum
DEXes
$15.8M
-1.96%
80.
Notional
Ethereum
Lending
$14.5M
2.04%
81.
DFX Finance
Multichain
DEXes
$14.0M
13.32%
82.
Erasure
Ethereum
Derivatives
$13.6M
-0.89%
83.
InsurAce Protocol
Ethereum
Derivatives
$12.6M
3.17%
84.
CompliFi
Multichain
Derivatives
$11.6M
-0.13%
85.
Convergence
Ethereum
DEXes
$11.2M
2.84%
86.
Swerve Finance
Ethereum
DEXes
$9.5M
-0.50%
87.
OnX Finance
Ethereum
Lending
$8.5M
2.11%
88.
Mushrooms Finance
Ethereum
Assets
$8.2M
2.95%
89.
Wing Finance
Ethereum
Lending
$7.9M
27.69%
90.
Tranche
Multichain
Derivatives
$7.0M
4.23%
91.
Crypto Volatility Index
Multichain
Derivatives
$6.6M
492.84%
92.
Warp Finance
Ethereum
Lending
$6.3M
1.66%
93.
DDEX
Ethereum
Lending
$6.2M
-7.69%
94.
Nsure Network
Ethereum
Derivatives
$6.0M
6.54%
95.
PowerIndex
Ethereum
DEXes
$5.4M
1.17%
96.
Impermax
Ethereum
Lending
$4.5M
2.36%
97.
C.R.E.A.M. Swap
Ethereum
DEXes
$4.2M
3.81%
98.
cvault.finance
Ethereum
Assets
$3.6M
2.92%
99.
Opium Network
Multichain
Derivatives
$2.9M
-18.61%
100.
Augur
Ethereum
Derivatives
$2.4M
0.00%
101.
Siren
Ethereum
Derivatives
$2.2M
2.20%
102.
PieDAO
Ethereum
Assets
$2.1M
4.24%
103.
MCDEX
Ethereum
Derivatives
$2.1M
-0.81%
104.
yAxis
Ethereum
Assets
$1.7M
-1.10%
105.
Auctus
Ethereum
Derivatives
$1.5M
5.20%
106.
DEXTF
Ethereum
Assets
$1.5M
4.80%
107.
Lien
Ethereum
Derivatives
$1.2M
3.69%
108.
ForTube
Ethereum
Lending
$1.1M
2.86%
109.
DFI.money
Ethereum
Assets
$1.1M
0.07%
110.
Varen
Ethereum
DEXes
$1.0M
15.96%
111.
PEAKDEFI
Ethereum
Assets
$920.2K
0.41%
112.
Volmex Finance
Ethereum
Derivatives
$919.7K
0.21%
113.
Cover Protocol
Ethereum
Derivatives
$815.7K
-0.03%
114.
Value DeFi
Ethereum
Assets
$780.8K
2.20%
115.
DeFiner
Ethereum
Lending
$779.6K
1.52%
116.
Futureswap
Ethereum
Derivatives
$699.6K
1.63%
117.
Snowswap
Ethereum
DEXes
$545.6K
2.10%
118.
DeFi Yield Protocol
Ethereum
Assets
$513.3K
5.82%
119.
Ruler Protocol
Ethereum
Lending
$425.8K
0.18%
120.
Value Liquid
Ethereum
DEXes
$416.3K
-0.55%
121.
UniTrade
Ethereum
DEXes
$384.6K
-2.31%
122.
QIAN
Ethereum
Lending
$247.3K
-3.31%
123.
RAY
Ethereum
Lending
$191.0K
-0.01%
124.
Primitive
Ethereum
Derivatives
$190.7K
3.19%
125.
S Finance
Ethereum
DEXes
$141.4K
-21.56%
126.
DeFireX
Ethereum
Assets
$41.3K
3.77%
127.
Premia
Ethereum
Derivatives
$24.3K
7.29%
128.
Connext
Ethereum
Payments
-
-
129.
Origin Protocol
Ethereum
Assets
$0
-

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.